Nissan ready to invest 'as much as €775m' in Renault's electric vehicle drive     

French carmaker will agree to gradually reduce its ownership of Nissan from 43% to 15%

Nissan Motor is ready to invest up to €775m in Renault’s electric vehicle business, viewing the French carmaker’s reorganisation as a chance to reshape their decades-old alliance.

In exchange for backing the entity being set up by Renault chief executive Luca de Meo, the French carmaker is willing to sign onto a plan to reduce its ownership of Nissan to 15% over time from 43%, said a source who asked not to be identified because negotiations are ongoing.